Golden Corral Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30705811
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad
Building Size (RSF): 8,023 SF
Gross Building Area: See Agent
Gross Land Area: 0.73 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

We are pleased to present this 8,032 sf building on a very large plot of 1.73 acres. This opportunity would be perfect for redevelopment into a multi-tenant building with a drive thru AND there is an added opportunity to add a 2,400 sf building with a drive-thru. Being off of I-75 & across from the massively popular Richmond Centre, the users surrounding this parcel (Starbucks, Panda Express, Steak 'n Shake, Burger King, & Texas Roadhouse) provide a TON of residual traffic for the site.

8,032 sf building on 1.73 acres
High Traffic Retail Area
Directly across from Richmond Centre
Surrounded by several prominent users (Starbucks, Panda Express, & Texas Roadhouse)
Large Pole Signage with interstate visibility available
Opportunity to build on excess land in the parking lot up to 2,400 sf
Accessible site, great ingress and egress off of a major road, seconds from I-75

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 0042-042A-0005
Zoning: B-3
Retail Clientele: General, Family, Traveler
Property Located Between: Barnes Mill Rd & Amberly Way
Property Visibility: Excellent
Largest Nearby Street: Barnes Mill Rd
Traffic/Vehicle Count: 12,000
Area Description: Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,505 29,230 41,910
Median Age: 35.43 31.86 33.02
Households: 2,804 11,258 16,458
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